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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flow from operating activities:    
Net earnings $ 171,285 $ 124,474
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 96,966 84,010
Amortization of deferred policy acquisition costs 4,778 4,184
Change in allowance for losses on trade receivables (61) 22
Change in allowance for inventory reserves (248) (1,760)
Net gain on sale of real and personal property (45,984) (22,959)
Net (gain) loss on sale of investments (1,453) (874)
Deferred income tax 18,866 12,407
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (19,349) (717)
Inventories (140) (561)
Prepaid expenses 56,624 5,368
Capitalization of deferred policy acquisition costs (7,137) (6,575)
Other assets 10,111 (6,814)
Related party assets 5,666 8,089
Accounts payable and accrued expenses 51,912 94,004
Policy benefits and losses, claims and loss expenses payable 11,669 (9,878)
Other policyholders' funds and liabilities 4,468 1,827
Deferred income 8,342 7,683
Related party liabilities 1,438 1,878
Net cash provided by operating activities 367,753 293,808
Cash flow from investing activities:    
Property, plant and equipment (452,572) (343,988)
Short term investments (73,517) (62,293)
Fixed maturities investments (47,072) (69,426)
Equity securities (967) (3,281)
Preferred stock (2) (2)
Real estate (23) (4,211)
Mortgage loans (82,839) (5,069)
Proceeds from sale of:    
Property, plant and equipment 194,133 128,989
Short term investments 88,332 62,631
Fixed maturities investments 30,340 25,624
Equity securities $ 799 2,009
Preferred stock   1,000
Mortgage loans $ 14,306 12,069
Net cash used by investing activities (329,082) (255,948)
Cash flow from financing activities:    
Borrowings from credit facilities 88,206 207,152
Principal repayments on credit facilities $ (82,797) (52,464)
Debt issuance costs   (2,422)
Capital lease payments $ (33,974) (18,007)
Leveraged Employee Stock Ownership Plan 929 87
Investment contract deposits 39,252 37,892
Investment contract withdrawals (13,215) (11,551)
Net cash provided by (used in) financing activities (1,599) 160,687
Effects of exchange rate on cash (3,360) (1,074)
Increase (decrease) in cash and cash equivalents 33,712 197,473
Cash and cash equivalents at the beginning of period 441,850 495,112
Cash and cash equivalents at the end of the period $ 475,562 $ 692,585